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Better connectivity will bring more economic opportunities, which will substantially improve people's livelihoods, he said.
Besides, Cai also considered social consumption as one of the strongest drivers of the Chinese economy. According to his analysis, China's GDP contributed 16.3 percent to the global amount, while the country's consumption capability accounted for 12.1 percent of the world's total. "There are still 4 percentage points of potential consumption to be tapped if the two figures reach the same level," he said.

Besides, qualified foreign investors are also allowed to run insurance agencies and survey and loss adjustment businesses in China. Foreign brokers will also enjoy the same business scope like their Chinese counterparts.
Bernie Sanders (left) and Joe Biden have an exchange in the 10th Democratic 2020 presidential debate in Charleston, South Carolina, on Tuesday. [JONATHAN ERNST/REUTERS]
Belarusian President Alexander Lukashenko has visited China five times, attending the Victory Day parade, the Belt and Road forum and the Shanghai Cooperation Organization summit, and entered into a comprehensive strategic partnership with China.
来源:资阳报